This category of useful content covers the topic of the self assessment tax return.
The self assessment tax return must be completed and submitted online by all self-employed professionals as part of the government’s switch to Making Tax Digital (MTD).
A self-assessment tax return is a form that has to be submitted to HMRC every year by those who have taxable income that has not been taxed at source.
This could include profit from a business, capital gains, or income from rental property.
The form includes all your taxable income, any capital gains, and any tax allowances or reliefs that you are entitled to and is used to calculate your tax liability.